Cryptocurrency market September 29, according to cryptonew: Bitcoin price extended its decline below the USD 42,000 support, but returned above it and is currently rebounding (04:30 UTC). However, there are plenty of hurdles on the top near $ 42,500.
Similarly, most of the major altcoins trade above the major support levels. ETH has settled below $ 3,000 but the bulls are defending $ 2,800 and $ 2,750. XRP is stabilizing near the $ 0.900 pivot level. ADA remains above the critical $ 2.00 support.
After the Bitcoin price closed below $ 43,000, it extended its decline. BTC traded below the $ 42,500 and $ 42,000 support levels. It even got below $ 41,000, but the bulls showed up at $ 40,800. The price is currently rising to $ 42,400. The next major resistance is near $ 42,500, above which price could gain momentum.
On the flip side, instant support is at $ 41,200. The next major support is currently forming near $ 40,800, below which the price could start a steeper decline.
Ethereum price settled below the $ 3,000 level and extended the decline below $ 2,900. ETH was trading below $ 2,880 but has remained stable above the critical support of $ 2,750. It rises and can test the USD 2,950 resistance. The main hurdle is now near the $ 3,000 mark.
On further decline, the initial support is at $ 2,800. The main breakout support remains near the $ 2,750 mark.
Cardano (ADA) fell below the $ 2.12 and $ 2.10 support levels. It even got below $ 2.05, but the bulls were active above $ 2.00. The price is trading in a range near $ 2.05 with the main hurdle being near $ 2.10. The next major resistance to a major rally is currently forming at $ 2.12.
Litecoin (LTC) is trading under the support of $ 142. It even went below $ 140 before bouncing back above $ 145. If the bulls push the price above $ 148, a move towards the $ 155 resistance is likely. On the downside, $ 140 is an important area of support.
Dogecoin (DOGE) traded below the USD 0.20 support before returning above it. The next big support is near the $ 0.192 level. Any further losses could lead the price towards the USD 0.180 support level.
XRP price has settled below $ 0.950 but the bulls are defending losses below $ 0.88. It is currently near $ 0.900 with immediate resistance at $ 0.935. The first major resistance is at $ 0.950, above which a rally to the key resistance of $ 1.00 is possible.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
Many altcoins are still down more than 5%, including DCR, REN, LUNA, XTZ, FTM, MANA, AVAX, ONE, ATOM, STX, NEAR, and MIOTA. Conversely, the DYDX rebounded 20% and broke the $ 24 level.
Overall, Bitcoin price remains above the important $ 40,800 support and is currently trying to rebound towards $ 42,500. BTC could accelerate unless there is a clear break below $ 40,800 and $ 40,000.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
This website uses cookies.